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ABOUT BUSINESS - 07.2009
Poland looks impressive!
In the first quarter of this year, the Polish economy had GDP growth of 1.9 percent. That is the best result in Europe. The main factor of GDP growth is still domestic demand. Marginal negative influence on economic growth from foreign demand (net export) was noted, according to the announcement. Analysts emphasize that the very fact that growth has been maintained, particularly considering the situation in the rest of the world, is a great success. It is the first statistical data to show for sure what the scale of the crisis in Poland actually is. Now we know that our country is one of a very exclusive group of European countries that is holding off recession. A certain slowdown is visible, but in spite of it all we still have growth. That was also the expectation of the markets.
Good news for the shipyards in Gdańsk
The historic site of the birth of „Solidarność”, Stocznia Gdańska (the Gdańsk Shipyards), has been saved. The European Commission has given preliminary acceptance to a corrective plan presented by the Polish government. That means that the company will not have to give back nearly 700 million zloty that it has received in public aid. Returning it would mean automatic bankruptcy for the legendary company. Now there are only technical matters to work out. That is good news for the Polish government – and for the shipyard workers, of course.
Israel wants cooperation
Israeli weapons companies are interested in cooperating with the Polish weapons industry, the Polish Ministry of Defense has stated. The factories in Stalowa Wola and Tarnów may benefit from this.
LOT Charters
LOT Polish Airlines is coming back to charters. After an unsuccessful experiment with Centralwings, our national carrier will provide services under a new name – LOT Charters. The line wants to have carried 400,000 passengers by the end of this year. This would give the company a 25 percent share in the domestic charter market, and allow them to return to the position of being the largest charter carrier in Poland. The first airplane with the LOT Charters logos took off at the beginning of June. Most of the connections are supposed to be realized by six Boeing 737-400s, which will serve the routes from Warsaw and other domestic regional airports to cities like Salonik, Heraklion, Barcelona, Dubrovnik, Lisbon, Sharm El-Sheik, and to Rodos. LOT, for the first time in its history, will also use a larger Boeing 767 for charter flights, which until now had been used in transatlantic routes. It will serve connections with Mexico, Thailand, and the Carribean.
Another Radisson
The fifth Radisson hotel in Poland has been opened in Gdańsk. The hotel, located on Długi Targ Street, has 134 rooms of various standards. There is also a recreation center for guests with saunas, a fitness room, and a bio-renewal parlor. The hotel also has two conference halls and two restaurants, which serve delicacies of French and Irish cuisine.
Unemployment falling
The situation on the job market has improved slightly in Poland. In May, 1 million 687 thousand unemployed people were registered, which is 32,800 fewer than the month before. As a result, the unemployment rate in our country is 10.8 percent and was 0.2 percent lower than in April. It is expected that in June the number of unemployed will drop further. Experts are convinced, however, that the situation in the job market will not improve significantly in the next few months. The anti-crisis legislation packet that was passed by the government on the 2nd of June will ease the effects of the financial crisis, which has an unfavorable influence on the job market. The government will pay to maintain about 250,000 jobs with Fundusz Gwarantowanych Świadczeń Pracowniczych (Fund for Guaranteed Work Subsidies). Money is also planned for about 50,000 people, who will receive stipends or funds for training programs.
In the first quarter of this year, the Polish economy had GDP growth of 1.9 percent. That is the best result in Europe. The main factor of GDP growth is still domestic demand. Marginal negative influence on economic growth from foreign demand (net export) was noted, according to the announcement. Analysts emphasize that the very fact that growth has been maintained, particularly considering the situation in the rest of the world, is a great success. It is the first statistical data to show for sure what the scale of the crisis in Poland actually is. Now we know that our country is one of a very exclusive group of European countries that is holding off recession. A certain slowdown is visible, but in spite of it all we still have growth. That was also the expectation of the markets.
Good news for the shipyards in Gdańsk
The historic site of the birth of „Solidarność”, Stocznia Gdańska (the Gdańsk Shipyards), has been saved. The European Commission has given preliminary acceptance to a corrective plan presented by the Polish government. That means that the company will not have to give back nearly 700 million zloty that it has received in public aid. Returning it would mean automatic bankruptcy for the legendary company. Now there are only technical matters to work out. That is good news for the Polish government – and for the shipyard workers, of course.
Israel wants cooperation
Israeli weapons companies are interested in cooperating with the Polish weapons industry, the Polish Ministry of Defense has stated. The factories in Stalowa Wola and Tarnów may benefit from this.
LOT Charters
LOT Polish Airlines is coming back to charters. After an unsuccessful experiment with Centralwings, our national carrier will provide services under a new name – LOT Charters. The line wants to have carried 400,000 passengers by the end of this year. This would give the company a 25 percent share in the domestic charter market, and allow them to return to the position of being the largest charter carrier in Poland. The first airplane with the LOT Charters logos took off at the beginning of June. Most of the connections are supposed to be realized by six Boeing 737-400s, which will serve the routes from Warsaw and other domestic regional airports to cities like Salonik, Heraklion, Barcelona, Dubrovnik, Lisbon, Sharm El-Sheik, and to Rodos. LOT, for the first time in its history, will also use a larger Boeing 767 for charter flights, which until now had been used in transatlantic routes. It will serve connections with Mexico, Thailand, and the Carribean.
Another Radisson
The fifth Radisson hotel in Poland has been opened in Gdańsk. The hotel, located on Długi Targ Street, has 134 rooms of various standards. There is also a recreation center for guests with saunas, a fitness room, and a bio-renewal parlor. The hotel also has two conference halls and two restaurants, which serve delicacies of French and Irish cuisine.
Unemployment falling
The situation on the job market has improved slightly in Poland. In May, 1 million 687 thousand unemployed people were registered, which is 32,800 fewer than the month before. As a result, the unemployment rate in our country is 10.8 percent and was 0.2 percent lower than in April. It is expected that in June the number of unemployed will drop further. Experts are convinced, however, that the situation in the job market will not improve significantly in the next few months. The anti-crisis legislation packet that was passed by the government on the 2nd of June will ease the effects of the financial crisis, which has an unfavorable influence on the job market. The government will pay to maintain about 250,000 jobs with Fundusz Gwarantowanych Świadczeń Pracowniczych (Fund for Guaranteed Work Subsidies). Money is also planned for about 50,000 people, who will receive stipends or funds for training programs.
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Information published at 30 June 2009